King & Wood Mallesons advised Quadrant Private Equity on its recent investment in Estia Health, a provider of aged care services in Australia.
The transaction will see Quadrant Private Equity effectively partner with Estia’s founders for the next phase of Estia’s growth in the Australian market.
The KWM team advised on all aspects of the transaction, including M&A, regulatory and banking. Partners Mark McNamara and Jason Watts led the corporate aspects of the transaction and Yuen-Yee Cho led the banking aspects.
Mark McNamara commented “We were delighted that Quadrant approached us to assist them after our recent work with them on the successful Virtus IPO. The aged care sector in Australia is one that is going through an interesting period of regulatory change and consolidation and demanded insights that KWM were uniquely positioned to provide. We are looking forward to working with Quadrant and the Estia founders as they embark on the next phase for the business.”
The closing of the Estia investment follows hot on the heels of the successful completion late last week of Ironbridge Capital’s public-to-private bid by for Bravura Solutions. It also continues the string of other recent successes for KWM’s market leading Private Equity team this year, including the IPO of Virtus by Quadrant Private Equity, the disposal by KKR of its remaining interest in Seven West Media, CHAMP’s investment in Shelf Drilling and the sale by Gresham Private Equity of The Tasmanian Walking Company.
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